Donald J. Trump
S&P expects ‘meaningful tariff revenue’ to offset Trump tax bill impact, maintains U.S. credit rating
U.S. President Donald Trump presents a sweeping spending and tax legislation, known as the “One Big Beautiful Bill Act,” after he signed it, at the White House in Washington, D.C., U.S., July 4, 2025. Leah Millis | Reuters S&P Global said it expects “meaningful” federal government revenue from President Donald Trump’s broad tariff policies to […]
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Lutnick says Intel has to give government equity in return for CHIPS Act funds
Commerce Secretary Howard Lutnick said Tuesday that Intel must give the U.S. government an equity stake in the company in return for CHIPS Act funds. “We should get an equity stake for our money,” Lutnick said on CNBC’s “Squawk on the Street” Tuesday. “So we’ll deliver the money, which was already committed under the Biden […]
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Why UBS just raised its gold forecast again as the precious metal hovers near record high
UBS strategists hiked their forecast for 2026 spot gold prices, seeing a continuation of the tailwainds that have powered a string of record highs in the year to date. The bank kept its end of 2025 target at $3,500 per ounce, up from the current spot rate of around $3,340. For next year, it lifted […]
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Apple reportedly ups iPhone production in India as country’s Russia ties roil White House
Apple has reportedly boosted iPhone production in India as the country faces pressure from the White House over its Russian oil purchases. “We have planned to up the tariffs on India,” Treasury Secretary Scott Bessent told CNBC’s “Squawk Box” on Tuesday. “These are secondary tariffs for buying the sanctioned Russian oil.” Bessent accused India of “profiteering” […]
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European markets set to open higher amid positive reaction to Trump-Zelenskyy talks
LONDON — European stocks are expected to open broadly higher on Tuesday as global markets reacted positively to the outcome of talks between U.S. President Donald Trump, Ukrainian President Volodymyr Zelenskyy and European leaders at the White House on Monday. The U.K.’s FTSE index is seen opening 0.18% higher, Germany’s DAX 0.14% higher, France’s CAC 40 up 0.16% and Italy’s […]
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Asia markets set to open mostly higher as investors await outcome of Trump-Zelenskyy meeting
Ulsan city skyline from the Hamwolru Pavilion. People can enjoy beautiful cityscape for free. Ulsan, South Korea. Insung Jeon | Moment | Getty Images Asia-Pacific markets were poised to open mostly higher Tuesday as investors awaited the outcome of the talks led by U.S. President Donald Trump with Ukraine’s President Volodymyr Zelenskyy and European leaders at the […]
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Musk’s Starlink suffers apparent outage as SpaceX launches more satellites
Jakub Porzycki | Nurphoto | Getty Images Satellite internet service Starlink, which is owned and operated by Elon Musk’s SpaceX, appeared to suffer a brief network outage on Monday, with thousands of reports of service interruptions on Downdetector, a site that logs tech issues. The outage marked the second in two weeks for Starlink. SpaceX did not […]
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How retail accounting could distort profitability as tariffs take effect
As more tariffs take effect on goods imported into the U.S., a specific accounting method could have major implications for how American retailers calculate the impact. A tariff adds to the cost of an imported item when it’s received and paid for when it crosses a border. While there’s debate over who pays that tariff — […]
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OpenAI’s Altman warns the U.S. is underestimating China’s next-gen AI threat
OpenAI CEO Sam Altman warned that the U.S. may be underestimating the complexity and seriousness of China’s progress in artificial intelligence, and said export controls alone likely aren’t a reliable solution. “I’m worried about China,” he said. Over Mediterranean tapas in San Francisco’s Presidio — just five miles north of OpenAI’s original office in the […]
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Trump Zelenskyy meeting expands Russia-Ukraine war talks to include Europe: Live updates
Zelenskyy Kellogg meeting ends Zelenskyy has finished his meeting with Trump’s Special Representative for Ukraine and Russia, Keith Kellogg, which took place in the last hour at the Hay-Adams Hotel across from the White House. “When peace is discussed for one country in Europe, it means peace for all of Europe. We are ready to continue […]
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